Iran's Trade With 6 Persian Gulf States Tops $13 Billion

Iran traded 27.4 million tons of non-oil commodities worth $13.84 billion with six Persian Gulf nations, namely Iraq, the UAE, Kuwait, Qatar, Bahrain and Saudi Arabia, during the first seven months of the current fiscal (March 21-Oct. 22) to register a 19.92% and 10.96% growth in tonnage and value respectively compared with last year’s corresponding period.

Data released by the Islamic Republic of Iran Costumes Administration show Iran’s exports to the Persian Gulf nations totaled 26.03 million tons worth $10.69 billion during the period, indicating a 26.58% and 43.2% increase in tonnage and value respectively year-on-year.

Imports stood at 1.37 million tons worth $3.15 billion, down both in tonnage and value by 39.92% and 37.06% respectively YOY.